Swiss Economicblogs.org
The start of the year has seen the Japanese yen and Swiss franc appreciate strongly against the US dollar (they rose by 5.6% and 4.4% respectively between 1 January and 22 February) despite higher US yields. However, this rise in US yields came with heightened market volatility, favouring safe haven currencies such as the yen and franc. Indeed, both currencies are characterised by structurally large domestic current...
Read More »Less scope for yen and Swiss franc depreciation
